Chevron ceases to shale gas exploration in Poland

Chevron Corp, an American energy corporation, said it would stop shale gas exploration in Poland due to the lack of expected results, Reuters informed with reference to a company's press release. “Chevron decided to stop the exploration of shale gas in Poland as the project had lost the competitive advantage compared with other opportunities in the Chevron global portfolio,” the press release informed. Exxon Mobile, Total and Marathon Oil had stopped shale gas exploration in Poland earlier. There were 53 licenses for shale gas exploration in Poland issued as for January 1, 2015.